Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 117.

alicea

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Quote from: pallas on October 17, 2014, 06:56:43 AM

Quote from: traderman on October 17, 2014, 06:41:01 AM

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.

My wallet says "not mining" and it's not true neither...

Quote from: pallas on October 17, 2014, 06:56:43 AM

Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

What?? We need PoS for PoR?? It's a joke or I havn't understood? We must buy the coins first to earn them later for scientific computations we do with our hardware and our electricity? The difference between PoS and PoR was clear but now it's not.

pallas

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Activity: 2716

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Black Belt Developer

Quote from: anonerd on October 17, 2014, 07:42:09 AM

Quote from: pallas on October 17, 2014, 06:56:43 AM

Quote from: traderman on October 17, 2014, 06:41:01 AM

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

To be an early adopter is never easy

We offer free startercoins on http://uscore.net

thanks I'll try that!
I really want to try PoR but at the same time I don't wanna mess with exchanges and that burning thing :-)

anonerd

full member

Activity: 213

Merit: 100

Quote from: pallas on October 17, 2014, 06:56:43 AM

Quote from: traderman on October 17, 2014, 06:41:01 AM

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

To be an early adopter is never easy

We offer free startercoins on http://uscore.net

traderman

legendary

Activity: 1260

Merit: 1001

Then go to one of the exchanges and buy a small amount of classic GRC and convert it to POR GRC using the burn page: http://pool.gridcoin.us/CoinExchange.aspx then you will have some stake in your wallet!

Quote from: pallas on October 17, 2014, 06:56:43 AM

Quote from: traderman on October 17, 2014, 06:41:01 AM

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

pallas

legendary

Activity: 2716

Merit: 1094

Black Belt Developer

Quote from: traderman on October 17, 2014, 06:41:01 AM

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

This wasn't clear to me as well. The wallet says "boinc mining" and it's not true.
Also it's a pity I have compiled, installed, worked on it and boinc-end and I'll not get anything for days, cause I need to have stake power for a coin which currently I can't buy.
Not everybody's been following the coin for months.
I've gotten in a couple weeks ago and read a lot of docs, but I didn't notice that for POR I need POS, and it seems I'm not the only one.

traderman

legendary

Activity: 1260

Merit: 1001

For POR you need coins in your account that are "staked". This is not like POW where you find blocks with actual hashing!! Do you understand that? You either need to convert old GRC classic to new POR GRC or you have to wait till the around the 20th of October when the POR GRC starts trading on the exchanges and get some POR GRC so you can start staking in your wallet!! IF you have no coins right now in your POR wallet you will not receive anything!! You need to have coins in your POR wallet!!

Quote from: alicea on October 17, 2014, 02:13:56 AM

I mean PoR only, and I don't want to buy anything

I have the new wallet and computing since a week. I'd like to know when my GRC will be in my wallet only.

Quote from: traderman on October 16, 2014, 07:52:35 PM

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!

Quote from: alicea on October 16, 2014, 05:29:17 PM

Quote from: alicea on October 16, 2014, 05:49:19 AM

Quote from: RTMoney on October 15, 2014, 09:29:07 PM

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.

Great! I didn't understand it properly before

One more question - my world community grid shows:
Gridcoin 10/14/2014 - Current 0:002:06:48:15 9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

alicea

hero member

Activity: 1050

Merit: 501

I mean PoR only, and I don't want to buy anything

I have the new wallet and computing since a week. I'd like to know when my GRC will be in my wallet only.

Quote from: traderman on October 16, 2014, 07:52:35 PM

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!

Quote from: alicea on October 16, 2014, 05:29:17 PM

Quote from: alicea on October 16, 2014, 05:49:19 AM

Quote from: RTMoney on October 15, 2014, 09:29:07 PM

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.

Great! I didn't understand it properly before

One more question - my world community grid shows:
Gridcoin 10/14/2014 - Current 0:002:06:48:15 9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

traderman

legendary

Activity: 1260

Merit: 1001

The Gridcoin classic wallet will be shut down on the 20th of October and the new POR (Proof of Research) wallet will be going live on the exchanges!! So if you want wait till the 20th and then you can buy some POR GRC on the exchanges and start with the new wallet which is much more simple to run! Forget about GRC classic!

Quote from: alicea on October 16, 2014, 05:29:17 PM

Quote from: alicea on October 16, 2014, 05:49:19 AM

Quote from: RTMoney on October 15, 2014, 09:29:07 PM

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.

Great! I didn't understand it properly before

One more question - my world community grid shows:
Gridcoin 10/14/2014 - Current 0:002:06:48:15 9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

alicea

hero member

Activity: 1050

Merit: 501

Quote from: alicea on October 16, 2014, 05:49:19 AM

Quote from: RTMoney on October 15, 2014, 09:29:07 PM

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.

Great! I didn't understand it properly before

One more question - my world community grid shows:
Gridcoin 10/14/2014 - Current 0:002:06:48:15 9,964
the email is in .conf file
When should I receive first coins?

Tried to run boinc on GPU...and went back to mining. GPU computing must be improved or a clear instruction what to do, what settings, what variables etc published. Otherwise the best crypto-idea will fall and only we, three persons will write in this thread.
BTW: when I'll get my coins for CPU-computing during last days?

traderman

legendary

Activity: 1260

Merit: 1001

Please read the instructions carefully before doing anything! Also try a small amount first just to make sure you know how the process works!!

http://pool.gridcoin.us/CoinExchange.aspx

Quote from: firedoner on October 16, 2014, 08:23:13 AM

before i burn coins do i have to have a new wallet installed as well as the classic wallet??

Sparood

full member

Activity: 170

Merit: 100

Quote from: firedoner on October 16, 2014, 08:23:13 AM

before i burn coins do i have to have a new wallet installed as well as the classic wallet??

Yes!

firedoner

sr. member

Activity: 252

Merit: 250

before i burn coins do i have to have a new wallet installed as well as the classic wallet??

alicea

hero member

Activity: 1050

Merit: 501

Quote from: RTMoney on October 15, 2014, 09:29:07 PM

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins.

Great! I didn't understand it properly before

One more question - my world community grid shows:
Gridcoin 10/14/2014 - Current 0:002:06:48:15 9,964
the email is in .conf file
When should I receive first coins?

RTMoney

newbie

Activity: 40

Merit: 0

Quote from: traderman on October 15, 2014, 07:18:03 AM

The dev Rob, does not really post much on bitcointalk, you should probably head over to cryptocointalk!

Quote from: alicea on October 15, 2014, 07:02:41 AM

Who is the dev?

My opinion is that the problem starts when there's PoR and scrypt PoW running in the same time. I think that a better idea would be to have pure PoR or PoS/PoR, because it's safer. Maybe instead of repairing blockchain every day (or twice a day), it would be better to finish PoW and switch to pure PoR (or rather PoR/PoS) now? And I wonder if the PoR block minting is a good idea (let's compare it to curecoin, where the research makes no blocks but a normal trasfer hashed by asics, here it should be hashed by PoS). By this ocasion the reward algorithm could be improved: no halvings, but more proportional amount of coins to the amount of points in long term.

We spent almost 4 months discussing, voting as a community, and testing the Proof-of-Research wallet. Most of the information about testing and discussion is contained in these threads:
https://cryptocointalk.com/topic/13792-testers-wanted-gridcoinstake/
https://cryptocointalk.com/topic/16940-proof-of-research-and-economic-variables/
and starting about page 270:
https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/

In all there are well over 150 pages of in depth discussion that lead to the current launch of Proof-of-Research.

The new wallet is pure Proof-of-Research plus Stake now. Only the wallet in retirement uses scrypt Proof-of-Work and the community decided that 6 months was a sufficient amount of time to convert the Classic coins to the new Research coins. For the next 6 months there will be 2 wallets, the Classic wallet that runs on Proof-of-Work with a reduced reward and the Research wallet that runs on Proof-of-Research plus Stake. For the most up to date information visit the wiki at:

http://wiki.gridcoin.us/Main_Page

RTMoney

newbie

Activity: 40

Merit: 0

Quote from: firedoner on October 15, 2014, 04:22:30 PM

when can we start exchanging our old coins for the new??

You can burn them any time:
http://pool.gridcoin.us/CoinExchange.aspx

Sparood

full member

Activity: 170

Merit: 100

Quote from: firedoner on October 15, 2014, 04:22:30 PM

when can we start exchanging our old coins for the new??

You can start already, please follow the instruction on the burn page carefully!

I have asked Rob to remove the text saying you cannot use it yet.

firedoner

sr. member

Activity: 252

Merit: 250

when can we start exchanging our old coins for the new??

Sparood

full member

Activity: 170

Merit: 100

Quote from: alicea on October 15, 2014, 07:02:41 AM

Who is the dev?

My opinion is that the problem starts when there's PoR and scrypt PoW running in the same time. I think that a better idea would be to have pure PoR or PoS/PoR, because it's safer. Maybe instead of repairing blockchain every day (or twice a day), it would be better to finish PoW and switch to pure PoR (or rather PoR/PoS) now? And I wonder if the PoR block minting is a good idea (let's compare it to curecoin, where the research makes no blocks but a normal trasfer hashed by asics, here it should be hashed by PoS). By this ocasion the reward algorithm could be improved: no halvings, but more proportional amount of coins to the amount of points in long term.

PoW is only running on classic, PoR is the new chain with the converted coins. Are you on CCT yet?

traderman

legendary

Activity: 1260

Merit: 1001

The dev Rob, does not really post much on bitcointalk, you should probably head over to cryptocointalk!

Quote from: alicea on October 15, 2014, 07:02:41 AM

Who is the dev?

My opinion is that the problem starts when there's PoR and scrypt PoW running in the same time. I think that a better idea would be to have pure PoR or PoS/PoR, because it's safer. Maybe instead of repairing blockchain every day (or twice a day), it would be better to finish PoW and switch to pure PoR (or rather PoR/PoS) now? And I wonder if the PoR block minting is a good idea (let's compare it to curecoin, where the research makes no blocks but a normal trasfer hashed by asics, here it should be hashed by PoS). By this ocasion the reward algorithm could be improved: no halvings, but more proportional amount of coins to the amount of points in long term.

alicea

hero member

Activity: 1050

Merit: 501

Who is the dev?

My opinion is that the problem starts when there's PoR and scrypt PoW running in the same time. I think that a better idea would be to have pure PoR or PoS/PoR, because it's safer. Maybe instead of repairing blockchain every day (or twice a day), it would be better to finish PoW and switch to pure PoR (or rather PoR/PoS) now? And I wonder if the PoR block minting is a good idea (let's compare it to curecoin, where the research makes no blocks but a normal trasfer hashed by asics, here it should be hashed by PoS). By this ocasion the reward algorithm could be improved: no halvings, but more proportional amount of coins to the amount of points in long term.

Topic: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread - page 117. (Read 597505 times)